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Announcement from LeoVegas annual general meeting 2018

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The annual general meeting (“AGM“) of LeoVegas AB (publ) (“LeoVegas” or the “Company“) was held today on 29 May 2018 and the following resolutions were passed by the meeting.

Adoption of the income statement and the balance sheet

The AGM resolved to adopt the income statement and the balance sheet in LeoVegas and the consolidated income statement and the consolidated balance sheet.

Allocation of profit

The AGM resolved, in accordance with the board of directors’ proposal, of the amount available for distribution to the shareholders, EUR 21,028,353, SEK 119,634,564 is distributed to the shareholders corresponding to SEK 1.20 per share and the remaining amount, 8,872,197 is carried forward. It was further resolved, in accordance with the board of directors’ proposal, that the record date entitling to dividend shall be 31 May 2018, where the dividend will preliminary be paid out from Euroclear Sweden AB on 5 June 2018.

Discharge from liability

The directors of the board and the CEO were discharged from liability for the financial year 2017.

Election of the board of directors, auditor and remuneration

The AGM resolved that the board of directors shall comprise seven directors and no deputy directors.

The AGM resolved that the number of auditors shall be one registered audit firm.

It was further resolved, in accordance with the nomination committee’s proposal, that the he remuneration is to be SEK 2,500,000 in total, including remuneration for committee work (SEK 1,500,000 previous year), and shall be paid to the board of directors and the members of the established committees in the following amounts:

  • SEK 300,000 for each of the non-employed directors and SEK 600,000 to the chairman provided that the chair is not an employee;
  • SEK 50,000 for each of the non-employed members of the remuneration committee and SEK 100,000 to the chairman of the committee who is not also an employee; and
  • SEK 50,000 for each member of the audit committee and SEK 100,000 to the chairman of the committee.

It was further resolved that remuneration to the auditor shall be paid in accordance with approved invoices.

Per Brillioth, Barbara Canales, Robin Ramm-Ericson, Mårten Forste, Anna Frick, Tuva Palm and Patrik Rosén were re-elected as directors of the board. Mårten Forste was re-elected as the chairman of the board.

PricewaterhouseCoopers AB was re-elected as the Company auditor. PricewaterhouseCoopers AB has announced that Aleksander Lyckow remains as main responsible auditor.

Principles for the nomination committee

It was resolved to adopt principles for the nomination committee in accordance with the committee’s proposal.

Guidelines for remuneration to the senior executives

The AGM resolved, in accordance with the board of directors’ proposal, to adopt guidelines for remuneration to the senior executives.

Resolution regarding incentive program for employees

The AGM resolved in accordance with the board of directors proposal to issue a maximum of 1,250,000 warrants, with deviation from the shareholders preferential rights, which may result in a maximum increase in the Company’s share capital of EUR 15,000.000028. The warrants shall entitle to subscription of new shares in the Company. It was further resolved that Gustaf Hagman and Robin Ramm-Ericson shall not be eligible under the program as previously stated in the proposal included in the notice.

The warrants shall be subscribed for by Gears of Leo AB (the “Subsidiary”), with the right and obligation to, at one or several occasions, transfer the warrants to senior executives, other employees and key persons, who are or will become employed by the Company or within the group, at a price that is not less than the fair market value of the warrant according to the Black & Scholes valuation model and otherwise on the same terms as in the issuance.

For further details regarding the resolutions as set out above refer to the complete proposals available at the Company’s website, www.leovegasgroup.com .

 

 

For further information, please contact:

Gustaf Hagman, Group CEO: +46 (0) 8 410 367 66, [email protected]

Mårten Forste, Chairman of the Board: +46 (0) 8 410 367 66, [email protected]

Philip Doftvik, Head of Investor Relations and Corporate Finance: +46 73 512 07 20, [email protected]

About the LeoVegas mobile gaming group

LeoVegas’ passion is “Leading the way into the mobile future”. LeoVegas is Sweden’s premier GameTech company and is at the forefront of using state-of-the-art technology for mobile gaming. In 2017 the company passed the threshold for being classified as a unicorn, i.e., a start-up valued at more than USD 1 billion. A large part of this success can be credited to an extreme product and technology focus coupled with effective and data-driven marketing. Technology development is conducted in Sweden, while operations are based in Malta. LeoVegas offers casino, live casino and sports betting, and operates two global and scalable brands – LeoVegas and Royal Panda – as well as a local, multibrand operator collectively referred to as Rocket X. The company’s shares are listed on Nasdaq Stockholm. For more about LeoVegas, visit www.leovegasgroup.com.

 

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Opera GX wants you to pimp your browser with new Mods feature

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Opera GX wants you to pimp your browser with new Mods feature
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The new era of deep browser customization has officially begun with the launch of Mods in Opera GX. With GX Mods, you can pimp your browser and make your online experience as unique as your gaming setup, personalizing the entire browser – from the keyboard sounds to how webpages look.

“Browsers get a bad rap on account of how boring some browsers are. But like no two users are the same, Opera GX is built to be different. With Mods, we wanted to give our users a means to express themselves instead of forcing them to stick to a set of default options,” said Maciej Kocemba, product director at Opera and mastermind of Opera GX. “GX Mods offer users a limitless number of customization options. It’s time to ditch boring browsers and start browsing like a badass.”

To usher in this new era, Opera GX has partnered with none other than Xzibit, rapper and host of the world famous car modification TV show Pimp My Ride who is moving from customizing cars to customizing web browsers.

“The customization game has up and changed. It’s time to pimp your browser,” said Xzibit. To do that with Opera GX, no crew of car mechanics is needed. Users can instead turn to GX Mods.

Every Mod comes with a mix of elements – including unique looks (animated wallpapers and themes), sounds (keyboard and UI) and shaders (GPU-driven effects that render in real-time while browsing the web). You can even customize how webpages look when browsing. How these Mods all work together is completely up to you, giving you total freedom to create something completely unique. But should you want some examples to start with, you can turn to the new GX Mod Store.

Launching today is also the GX Mod Store which features  dozens of pre-made Mods each inspired by either a game or gaming culture, taking cues from specific interests and moods, and creating totally unique looks, sounds and shaders. Available Mods include Cyberdeck, Anime, LoFi Chill, Blockified, Drive-by and Legendary Rift, as well as GXzibit – a Mod created exclusively by the man himself – Xzibit, who would naturally like you to use his Mod: the GXzibit, inspired by 2000s hip hop music.

Mods can be accessed from the sidebar in Opera GX, and installed from the new GX Mods Store. Here, users will be able to browse through all available Mods, whether they’ve been created by Opera GX or the community. All Mods are free, and highly modular; meaning you can mix and match elements from different Mods to create new versions, or even build your own and upload them to the store for other users to download.

Opera GX is the only browser designed for gamers, as it offers a myriad of customization options, including color themes, sound effects, background music, as well as CPU, RAM, and Network Bandwidth limiters designed to leave more of the computer’s resources for gaming. Opera GX Mobile is its mobile version available on both Android and iOS.

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Central Europe

Mr Green Launches in Germany on 888’s Proprietary Technology Platform

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888 Holdings plc (LSE: 888), one of the world’s leading betting and gaming companies with internationally renowned brands including 888, William Hill, Mr Green and SI Sportsbook, is pleased to announce the launch of Mr Green, its award-winning online gaming brand, in Germany.

Germany is one of 888’s strategic growth markets and the group sees an opportunity to grow rapidly and build a strong market position with its customer-focused, best-in-class products and brands. In early-2023 the group was delighted to be granted its official gaming license in Germany and has moved quickly to launch its products on a locally regulated basis.

The launch of Mr Green in Germany represents the first time that the Mr Green brand is available on the 888 proprietary technology platform. The launch delivers product and content leadership through the group’s in-house technology combined with the strong existing brand awareness of Mr Green in Germany to create a unique, differentiated and feature-rich product for players in the market.

“Mr Green will be the group’s spearhead brand in the German market alongside our 888 brands,” the 888 and William Hill Vice-President Head of Poker and Rest of World Managing Director, Amit Berkovich, said. “Its launch is a great example of what focus, collaboration and dedication can deliver. We’ve been live since late March, thanks to the existing 888 platform in Germany and the powerful collaboration of all teams across the business who have enabled a totally new set-up in record time.

“We are excited to introduce thousands more players in the market to our enhanced offer and look forward to bringing other Mr Green markets onto our single technology platform in the coming months.”

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Baltics

Evoplay Bolsters Lithuanian Foothold with 7bet signing

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Evoplay Bolsters Lithuanian Foothold with 7bet signing
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Evoplay, the award-winning game development studio, has further increased its Baltic presence, thanks to a new partnership with 7bet.

As part of the agreement, the tier-one Lithuanian operator will integrate 50 of the provider’s games to its offerings with more titles coming soon. The regulated market will now benefit from innovative games such as the Fruit Super Nova series as well as the captivating Eleven Princess.

The news of this latest signing comes off the back of a recently announced Uniclub announcement as Evoplay scales up its operations in the area since going live in the region two years ago.

Commenting on the partnership, Vladimir Malakchi, CCO at Evoplay, said: “In keeping with our growth trajectory we are always on the lookout for Baltic operators to help us realise our goals and deliver our pristine slot portfolio to an even bigger audience.

“We are confident our latest partnership will be successful for both as we count another tier-one partner in our growing operator list.”

Gintarė Karvelytė, Product Manager at 7bet said: “Understanding our players needs for forward-thinking games with innovative features, it greatly impacts our decisions when looking for new suppliers. With that in mind, we are delighted to now count Evoplay and its world-class slots to our collection.

“We have no doubt these games will prove as popular with our players as they have with other operators both at home and abroad.”

As a leading iGaming studio, Evoplay enjoyed an outstanding 2022 and won SBC’s coveted Innovation in Casino Entertainment award. The studio also further established its leading credentials by taking home the only two supplier-focused awards available at 2022’s EGR Marketing and Innovation Awards.

As a leading iGaming studio, Evoplay enjoyed an outstanding 2022 and won SBC’s coveted Innovation in Casino Entertainment award. The studio also further established its leading credentials by taking home the only two supplier-focused awards available at 2022’s EGR Marketing and Innovation Awards.

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